If your company is struggling financially or shut down due to the COVID-19 emergency Spangenberg’s team of insurance coverage and litigation attorneys has extensive experience taking on major insurance companies for our clients who have had their claims denied, delayed, or undervalued.
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Closures Covered by Business Interruption Insurance
Business interruption insurance is meant to provide insurance when your company cannot continue business as normal due to unforeseen circumstances beyond the business’ control. With this in mind, insurance companies should take filings seriously when the policyholder has an eligible reason to seek coverage provided through the policy.
Coverage Provided Through Business Interruption Insurance
Depending on the terms of the policy, you might get the following financial coverage from your business interruption insurance:
- Money equal to your average monthly profits.
- Costs associated with typical operating costs.
- Expenses your company paid to train or hire personnel due to the interruption.
- Other damages incurred when the government or civil authority orders your business closed.